BTC Price Forecast
Bitcoin stays below $112k ahead of Powell speech. BTC is down 3% in the last 24 hours, trading around $111,200 per coin.
The bearish performance comes amid rising US-China trade conflict, with traders expecting further volatility in the market. Spot Bitcoin Exchange Traded Funds (ETFs) recorded an outflow of over $320 million on Monday.
Fed chair Jerome Powell is set to speak later today, with market participants focusing on the event, which could spark fresh volatility across risk assets, such as Bitcoin. Investors will be looking for hints on the possibility of an interest rate cut.
Market participants are adopting a cautious sentiment to the market.
Author's summary: Bitcoin's price forecast remains uncertain.
More News
- Harry acts like Meghan's 'personal bodyguard' at Kris Jenner's party
- Starmer leads Prime Ministers past and present at Remembrance Sunday
- Tap dancers collect medals at worlds | Benoni City Times
- Tsunami threat passes following magnitude 6.9 quake off Iwate
- Who is Mike Smith’s wife? All about Trailer Park Boys star’s family amid sexual assault arrest and charge
- The Dismissal deniers | The Spectator Australia
- ANDREW PIERCE: Did Tony Blair help sweeten Andrew's Royal Lodge deal?
- Prince Harry, Meghan Markle step out in style to attend Kris Jenner’s 70th James Bond-themed birthday party | Mint
- LIVE UPDATES: Super Typhoon Uwan
- Tired of Wordle? Try These Other Word Games Next